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Issue Age |
0-85, Joint Annuitants/ Joint Owners Available |
|
Minimum Premium |
Initial: $2,000
Additional: $250
Automatic Bank Withdrawal: $50 |
|
Maximum Premium |
$1 million (higher amounts may require Service Center approval) |
|
Maximum Allocation |
To Fixed Account is 25% of initial or additional premium. |
|
Asset Allocation Programs |
No charge. Models recommended and reviewed by Morningstar LLC |
|
Policy Charges
|
Sales Load: 0%
Withdrawal Charge: 0%
M&E Fee: 0.60% annually, 0.80% maximum 0% from the fixed account.
Annual Policy Fee: $40 (guaranteed not to increase), fee waived if policy value $50,000 or greater.
|
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Guaranteed Lifetime Withdrawal Benefit
May not be approved in all states. |
| |
Current/Guaranteed Max. |
| Single |
0.95% |
| Joint Spousal |
1.10% |
(Charges apply only if rider activated after owner age 50)
Guarantees based on the claims paying ability of the insurer.
More info. |
|
Guaranteed Death Benefit |
If the owner dies prior to annuitization, the designated beneficiary is paid the greater of policy value or premiums paid less a proportional reduction for withdrawals. Guarantees based on the claims paying ability of the insurer. |
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Investment Option Firms |
Vanguard VIF, AIM V.I.Series I, American Century VP, Calvert Variable Series, DWS VS I, DWS VS II, Fidelity® VIP, FTVIPT Templeton, MFS® VIT, Neubeger Berman AMT, PIMCO VIT, Rydex, Summit, T. Rowe Price, Third Avenue, UIF |
|
Transfers among Investment Options |
No limit on number of transfers. (Contractually: a $10 fee for each transfer may apply after 15
transfers in a policy year and there may be restrictions on excessive trading.) Minimum transfer $250. Must maintain investment option balance of $100 in Fixed Account/ $250 in subaccounts. |
|
Optional Programs |
Systematic Withdrawals. Portfolio Rebalancing, Earnings Sweep, Dollar Cost Averaging. Systematic programs can help maintain investment diversification, but are not guaranteed to achieve performance results. For more information, click on the link to the right. |
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Fixed Account Transfers |
Transfers out of the Fixed Account are limited to the greater of (1) 25% of the Fixed Account value, (2) the greatest amount of any similar transfer in the last 13 month period or (3) $1,000. Transfers into the Fixed Account are limited to 10% of the policy value in a year. |
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Fixed Account Interest Rate |
Ameritas Life Insurance Corp. guarantees fixed account rate for 12-months following each policy anniversary. Minimum rate is tied to index rate and is determined at issue date. No guarantee in subaccounts which include risk of loss, including principal. |
|
Loans |
Not available. |
|
Partial Withdrawals |
- Minimum: $250
($1,000 must remain in account)
- Withdrawal is irrevocable.
- No company withdrawal charges.
(Any gains are taxed as ordinary income and withdrawals prior to age 591/2 may be subject to
additional penalties.) |
|
Annuitization Options |
Interest payment, designated amount, designated period, lifetime income, joint and last survivor lifetime income, lump sum. |
|
Annuitization Date |
Annuitant's age 85 or five years after the issue date, whichever is later. Can be deferred to annuitant's age 95. |
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Markets |
Non-qualified,, IRA, SEP, SIMPLE, Roth, 401(a) and 401(k) |
|
State Approvals |
Available in all states except NY | |
The Ameritas No-Load Variable Annuity (form 6150) is issued by Ameritas Life Insurance Corp. (ALIC) and underwritten by affiliate Ameritas Investment Corp. Portfolio management by the Investment Option firms listed is available through subaccounts of ALIC. Variable annuities are suitable for long-term investing, particularly for retirement, and are subject to investment risk, including possible loss of principal. Before investing, carefully consider the investment objectives, risks, charges, expenses and other important information about the policy issuer and underlying investment options. This information can be found in the policy and investment option prospectuses, which are available on this web site. Please read the prospectuses carefully before investing or sending money. Calvert and Summit are affiliates of Ameritas Life Insurance Corp. and Ameritas Investment Corp. |
